🐋 $BR broke through the 0.5 level.
A large number of stop-loss orders are often clustered around key levels, so let's first understand why they matter.
Previous highs and lows are the most common key price levels: the memory of price failing to rise above or finding support at a certain level can often influence decisions when it returns there.
Indicators can fail, but risk management must always be in place: deciding in advance what to do if you're wrong matters more than guessing correctly.
#BR
A large number of stop-loss orders are often clustered around key levels, so let's first understand why they matter.
Previous highs and lows are the most common key price levels: the memory of price failing to rise above or finding support at a certain level can often influence decisions when it returns there.
Indicators can fail, but risk management must always be in place: deciding in advance what to do if you're wrong matters more than guessing correctly.
#BR